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  "documentTitle": "Pershing Square portfolio (multi-holding LP update: MDLZ, VRX, APD, ZTS, CP, QSR, HHC, PAH, FNMA/FMCC, HLF short)",
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  "authorName": "William Ackman",
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      "text": "US Dermatology: ~15% of sales; Largest portfolio of non-biologic medical dermatology products; Prescribers prefer branded; Retained ~80% volume; ~30% Q3 2015 sales from new products; 7 Phase III/FDA submitted, 8 Pre-Phase III products.",
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